For Sale
$993,000

9181 Ga-136Chickamauga, GA 30707

Georgia Convenience Store, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 9181 GA-136, Chickamauga, GA 30707, within the Chattanooga MSA. Built in 2009 and situated on a 1.55-acre lot, this single-tenant, single-story building boasts a 100% occupancy rate with a credit-rated tenant. The current lease, a Net Lease (NN) agreement, extends to July 30, 2029, offering a remaining term of approximately 4.7 years. The lease includes four additional five-year options, each with a 10% rent increase. Dollar General, the tenant since April 1, 2009, is responsible for all property expenses including insurance, real estate taxes, utilities, and maintenance. The property's strong financial performance is reflected in its $993,000 asking price, $72,490 Net Operating Income (NOI), and a 7.30% cap rate. The price per square foot is $110.16. This established location benefits from its proximity to the larger Chattanooga MSA and its diverse industries, offering a stable and attractive investment prospect with significant long-term potential. The property's history of consistent tenancy underscores its value and desirability.

Highlights

  • 9,014 SF Dollar General store on a 1.55-acre lot, built in 2009.
  • Net lease with Dollar General extending to July 30, 2029, with four 5-year options at 10% rent increases.
  • Credit-rated tenant, Dollar General, occupying since 2009, responsible for all expenses (NNN).
  • Strong investment opportunity with $993,000 asking price, $72,490 NOI, and a 7.30% cap rate.

Property Details for 9181 Ga-136

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,014 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
67,518 SF
Units
1

Location Insight

City
Chickamauga
County
Walker
State
Georgia
Latitude
34.80752279
Longitude
-85.39034252
9181 Ga-136, Chickamauga, Georgia

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9181 Ga-136
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